Feb 4, 2013, 7:49 AM
Post #4 of 25
Re: [RickS] residente temporal vs residente permanente
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Until we hear the final ruling from Aduana, (hopefully in the next 2 months ???), this question is a tough one. Here are a few less-than-complete thoughts about the advantages and disadvantages of Nationalizing a NAFTA Vehicle vs Temporary Import Permits.
~ Temporary Import Permits (TIP) require the owner to make annual pilgrimages to the local Aduana office to get their annual letter, certifying their new updated expiration date.
~ TIPs cause some police to hassle some drivers over whether their TIP is still valid (unexpired).
~ Anyone is allowed to drive a Nationalized car, while there are significant restrictions on who is permitted to drive a TIP car.
~ If the TIP car is stolen in Mexico, then the owner may be on the hook for rather wicked 40% taxes/fees of the car's value.
What Happens if Your Foreign Plated Car is Stolen? … …. SURPRISE ! @#%&***!!
~ With many insurance companies, you must keep the Aduana TIP valid/unexpired, to keep your insurance protection in force.
~ If you lose you TIP paper document, it requires a trip to the border to cancel/surrender the old TIP and about 4 hours of hassles to get a new replacement TIP, plus paying for the deposit.
~ TIPs require $100's dollars deposit on the vehicle, and Banjercito does sometimes play games in refunding the TIP deposits, particularly if you did not notify them of your new INM permit expiration date before the expiration date.
~ If you accidentally forget to renew your INM permit on time, your TIP may become invalid, requiring a trip to the border.
~ TIP cars do NOT have to pay annual State tenencias (no annual ownership taxes).
~ Permanently imported vehicles may have to pay annual State tenencias. (States may waive/exempt the tenencia if the vehicle is old or cheap - or if it is a pick-up truck. We have lots of Ricos driving Lincoln pickups, as a tax dodge - since these luxurious Lincoln Mark IV's never see anything in the bed nor ever haul a load.)
~ TIP cars are frequently stopped at police and military retenes , while nationalized cars are waved through.
~ If you leave Mexico, with the TIP sticker on your windshield, then you can have a year's worth of hassles resolving the lost sticker if:
the car is stolen, ~ Nationalized vehicles can be bought and sold easily inside Mexico, while TIP cars are expressly forbidden from being sold or transferred.
the car is wreaked or
the car is sold.
~ If the TIP car is lost, wrecked, or stolen inside Mexico, canceling the TIP with Aduana generally requires a letter from a Notario and documentation, and possibly trips to Aduana to get the document proving that the TIP has been canceled.
~ Nationalizing vehicles costs money, and a one day or 2 day trip to your State DMV to register and get plates.
~ Many states require a 1 day annual trip to the State DMV to renew the registration of nationalized cars (though Yucatan just eliminated this requirement).
~ We get regular comments/questions from gringos who leave their TIP vehicle in Mexico, while going back NOB. Many times these migrants run into problems if they get sick, hospitalized, etc and cannot return to Mexico to do the annual Aduana TIP dance.
~ We know more than a few people who either must leave Mexico or the owner dies, and their TIP car is then stranded in Mexico with very few options.
~ If the TIP car dies in Mexico, it generally requires canceling the TIP, and sending Aduana a special letter from a Notario certifying that the vehicle has no value and has been scrapped.
~ TIP cars can be any make or model (FUN), while nationalized vehicles must be NAFTA manufactured. i.e. We had to swap our very sweet Nissan Maxima for a Sentra when moving here, because the Maxima is of Nippon origin.
~ Only 8, 9, and 10 year old vehicles, or classic cars, can be nationalized for modest taxes/duties.
~ Other newer nationalized vehicles are hit with steep taxes/duties (non 8-10 year old used vehicles are charged a 50% duty on the new list price, while new cars pay a 30% duty??**), when nationalizing them vs. only the Banjercito deposit of a few $100's dollars for a TIP car.
**US Dept of Commerce 2011 Compilation of Foreign Motor Vehicle Import Requirements]
E-visit at http://yucalandia.com
(This post was edited by YucaLandia on Feb 4, 2013, 8:58 AM)